Heated Internal Issues Shape
Race for CME Chairman

By

Aaron Lucchetti Staff Reporter of The Wall Street Journal

Updated Dec. 29, 1997 4:53 a.m. ET

The race for the hot seat is warming up at the Chicago Mercantile Exchange.

For the first time since 1991, when John F. Sandner started his most recent stint (the third time) as chairman, the commodity and financial-futures exchange will elect a slate of directors and name a new chairman next month. The contest is shaping up to be contentious as the exchange struggles to deal with its strategy on rapidly changing technology and heated...